Kathy Lien | Mar 10, 2021 06:09PM ET
"We are convinced that our expansive monetary policy with a negative interest rate of minus 0.75% and interventions in the foreign currency market is necessary to maintain the appropriate conditions for the Swiss economy."
“We can go further with both instruments, if the situation requires it."
“The labour market is a long way from recovery, with employment still well below pre-COVID levels and ... the spread of more transmissible variants of the virus poses the largest downside risk to activity, as localized outbreaks and restrictions could restrain growth and add choppiness to the recovery.”
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